Independent broker review · Updated June 11, 2026
Eightcap: the cheapest on the market? My 2026 review
A multi-asset broker regulated under two tier-1 jurisdictions, built for the trader who weighs every pip of spread.
The trader who wants to control costs down to the pip
Our take
My take on Eightcap
Eightcap is, first and foremost, a pricing grid. The Australian broker, launched in Melbourne in 2009, has spent fifteen years doing one thing better than most: charging as little as possible for a round trip on the markets. On its Raw account, the EUR/USD spread starts at 0.0 pip and the commission drops to $3.5 per lot. At that level you are talking about the three or four cheapest brokers a retail trader can reach.
Everything else follows the same logic. More than 800 instruments, ASIC in Australia, CySEC in Cyprus and the FCA in the UK, and no in-house platform: it all runs on MetaTrader 4, MetaTrader 5 and TradingView, which traders already know by heart. I linked my demo account to TradingView in two minutes, no third-party bridge. During the US jobs report, the moment when many brokers blow their spreads wide open, execution did not flinch.
This is a broker for someone who already knows their way around a chart. No inactivity fees, an unlimited demo account loaded with $50,000 to drill a strategy, and a 4.0/5 Trustpilot rating across more than 3,100 reviews. Nothing flashy, plenty of substance where it counts.
“On the raw cost of a round trip, few regulated brokers can match Eightcap. ”
— Roch de Montesquieu, Research Analyst · Fees, Data, Transparency
Why trust HelloBrokers?
This review is not a copy-paste of Eightcap's marketing page. We tested the platforms, modelled the cost of a typical trade down to the pip, and benchmarked Eightcap against the 13 brokers in our comparison. A broker is judged on verifiable figures, not marketing promises.
The essentials
Eightcap at a glance
Key characteristics, verified on June 11, 2026.
Safety & regulation
Is your money safe?
Eightcap is no offshore shell. The broker runs on several regulated entities, each tied to a serious supervisor. European clients sit under Eightcap EU in Cyprus, licensed by CySEC. Alongside it stand Eightcap Pty Ltd in Australia (ASIC no. 391441) for the APAC region, Eightcap (UK) Ltd in the United Kingdom (FCA) for British residents, and Eightcap Global Limited in the Bahamas (SCB) for international clients. Client money sits in separate bank accounts at tier-1 institutions, exactly as each regulator demands. Under the CySEC entity the ESMA framework does the heavy lifting, the same rulebook active traders already know. Leverage is capped at 1:30 for retail clients, you get negative balance protection, and your assets stay segregated from the firm's own books. Two-factor authentication switches on across any account in a few seconds.
🔒 HelloBrokers safety score: 4.7 / 5
Fees & spreads
What does it really cost?
Its cost against the average of the brokers we track (shorter bar = cheaper).
The Raw account is where the whole story sits. The EUR/USD spread starts at 0.0 pip and the commission stops at $3.5 per standard lot, $7 for the round turn. At that price Eightcap plays in the same league as IC Markets and Pepperstone, the sharpest pricing you will find. The other majors keep pace, 0.1 pip on USD/JPY and GBP/USD. On commodities, count on 0.1 pip for gold (XAU/USD) and 0.03 pip on WTI crude; on BTC/USD, 12 pips, which is fair for crypto traded as a derivative.
The Standard account swaps the commission for slightly wider spreads, from 1 pip on EUR/USD, and fits the trader who fires off a handful of orders a month. On stocks in the Raw account, count on $0.02 per share with a $4 minimum per order. The detail people forget to check, and the one I rate most, is that there are no inactivity fees at all, and withdrawals are free and cleared within 24 hours by bank transfer, card, e-wallet or crypto. Any FX conversion, when you fund a dollar account in another currency, runs between 0.5% and 1% depending on the method, right on the sector average.
| Account | Min. deposit | Spread from | Commission |
|---|---|---|---|
| Standard Commission-free, wider spreads. Suits the occasional trader. | $100 | 1.0 pip (EUR/USD) | None |
| Raw ECN Spreads derived from the interbank feed. Optimal for scalpers and active traders. | $100 | 0.0 pip (EUR/USD) | $3.5/lot ($7 round turn) |
| Islamic Interest-free (swap-free). Available on request after validation. | $100 | Variable depending on base account | Same as base account |
See spreads by asset in detail
| Asset | Raw account | Standard account |
|---|---|---|
| EUR/USD | 0.0 pip | 1.0 pip |
| USD/JPY | 0.1 pip | 1.2 pip |
| GBP/USD | 0.1 pip | 1.4 pip |
| Gold (XAU/USD) | 0.1 pip | 0.3 pip |
| Silver (XAG/USD) | 0.5 pip | 1.2 pip |
| WTI crude | 0.03 pip | 0.05 pip |
| BTC/USD | 12 pips | 25 pips |
| Stocks (derivatives) | $0.02/share (min $4) | Variable spread + 0 commission |
Simulator
And for your trading volume?
Drag the slider: we compute the estimated annual cost (spread + commission, standard EUR/USD lots).
That is $600 saved per year against the market average.
Indicative estimate: cost per round-turn lot ≈ $8 (Eightcap), $8.50 (Vantage), $13 (average of the brokers we track). Spread + commission, excluding swap/overnight. Verified 20 May 2026.
Real-world scenarios
Real-world scenarios
Three trader profiles and their monthly cost.
-
Beginner trader, 2 trades/month on EUR/USD
30-day demo account then a $100 deposit on the Standard account. 2 round-turn trades of 0.1 lot on EUR/USD, average spread 1.0 pip.
Monthly cost ≈ $2, no inactivity fees, no withdrawal fees. The Standard account is the right choice below 5 lots/month.
-
Intermediate trader, 10 lots/month on majors
Raw ECN account with a $500 initial deposit. 10 standard lots on EUR/USD and GBP/USD, Raw spread 0.0 to 0.1 pip + $3.5/lot commission.
Monthly cost ≈ $35 in commissions on Raw vs ≈ $100 in spread on Standard. The Raw account becomes worthwhile from 3-5 lots/month on the majors.
-
Active trader, 50 lots/month multi-asset
Raw account + MQL5 automation. 50 lots/month split across Forex + indices + gold, free VPS execution from 5 lots/month.
Total cost ≈ $175/month in commissions. Equivalent to 30 to 40% less than a mainstream proprietary broker on the same volume.
Instruments & markets covered
Instruments & markets covered
Eight hundred and some instruments, with one clear stance behind them, trading rather than holding. You get 40+ Forex pairs, more than 600 US and European stocks as derivatives (Tesla, Apple, LVMH, Microsoft), 15+ major indices (S&P 500, Nasdaq 100, CAC 40, DAX 40), a clutch of ETFs (SPY, QQQ, VXX), about as many commodities (gold, silver, oil, natural gas) and 100+ crypto pairs, from Bitcoin to Solana. Because everything runs through derivatives there are no voting rights and no physical dividends, but adjustments land on long positions held past the ex-dividend date.
This is the Eightcap DNA, and it is worth taking for exactly what it is, an active trading tool built to catch market moves. Crypto exposure stays speculative, 1:2 leverage at most, with no staking or wallet. Put another way, you come here to trade, and trading is precisely what Eightcap does best.
See instruments by class in detail
| Asset class | Count | Examples |
|---|---|---|
| Forex | 40+ | EUR/USD, GBP/USD, USD/JPY, AUD/CAD |
| Stocks (derivatives) | 600+ | Tesla, Apple, LVMH, Microsoft |
| Indices | 15+ | S&P 500, Nasdaq 100, CAC 40, DAX 40 |
| Commodities | 10+ | Gold, silver, WTI/Brent crude, natural gas |
| Crypto (derivatives) | 100+ | BTC, ETH, SOL, ADA, DOGE, MATIC |
| ETFs (derivatives) | 10+ | SPY, QQQ, VXX |
| Bonds | 0 | Not offered |
| Staking / Earn | 0 | Not offered (no direct holding) |
What Eightcap offers
Capabilities, in plain terms
Covered, partial or not covered. No spin.
- Cash stocks / securities account ✗ No Derivatives only, no physical ownership
- Forex, index and commodity trading ✓ Yes 800+ instruments
- Cryptocurrencies ~ Partial Via derivatives, no direct custody
- MetaTrader 4 & 5 ✓ Yes
- TradingView integration ✓ Yes
- Demo account ✓ Yes Unlimited, 50,000 in virtual funds
- No inactivity fee ✓ Yes
- Copy trading ~ Partial Via TradingView signals
Trading platforms
Trading platforms
-
MetaTrader 4
- Expert Advisors (automated trading)
- Hedging and disengageable FIFO
- Free VPS from 5 lots/month
- Mobile iOS/Android
-
MetaTrader 5
- Expert Advisors + MQL5 API
- Depth of market (DOM)
- Integrated fundamental analysis
- 21 timeframes, 38 native indicators
-
TradingView
- Integrated copy trading (public signals)
- 100+ advanced indicators and Pine scripts
- Visual backtesting
- Direct connection with no third-party bridge
Who this broker is for
Who this broker is for
-
Beginner
Unlimited demo account with $50,000 of virtual capital, an MT4 or TradingView interface that is easy to get to grips with, zero hidden fees and no inactivity fees: a good environment to learn to trade before going live.
-
Intermediate trader
Competitive spreads on the Raw account, fast execution, a broad universe (800+ instruments). The Raw account becomes worthwhile from 3-5 lots/month on the majors versus the Standard.
-
Advanced / algorithmic trader
Native TradingView access, MT5 + MQL5 API for automation, depth of market, 100+ crypto as derivatives, hedging available. Total annual cost 30-40% below a mainstream proprietary broker on an active volume.
Comparison
Eightcap vs other brokers
The right choice depends on your profile. Here is how Eightcap stands against the brokers we feature.
① The HelloBrokers ranking
overall score /5 · click to read the review
Eightcap 🏆 Editor's choice 4.9 You are here #2 
eToro 👥 The social trading leader 4.8 Read the review → #3 
Vantage 💎 Excellent value for money 4.8 Read the review → #4 
Avatrade 🎯 Versatile and complete 4.8 Read the review → #5 
XTB Commission-free stocks 4.6 Read the review → ② Cost / quality positioning
HelloBrokers score × fee levelQualitative positioning based on our scores and pricing grids. Top right = high score for low fees.
What users say
What clients are saying
Synthesis of public reviews. Representative excerpts, abridged.
Stable platform, consistent execution even when the news drops. Support is always there when I need it.
Trustpilot review · trading for 2 years
The TradingView integration is clean and fast, and execution holds up even on news trading.
Reddit sentiment · paraphrased
The verdict
The verdict
Eightcap makes few promises, and it keeps them. For an active trader doing 10 trades a month on the Raw account, the annual bill comes in 30 to 40% below a mainstream broker with its own platform. That is the whole gap between a tool built for cost and a tool built for marketing.
What stays with me after using it: you find your bearings instantly on MT5 or TradingView, execution holds up when the market gets busy, and nothing quietly eats into your performance. To get started without pressure, the unlimited demo account loaded with $50,000 lets you test a strategy at full scale before the first real dollar.
Official contact channels
Official contact channels
- Hours
- 24/5, closed at weekends
- Phone
- +44 20 3608 6111 (UK · English)
- Chat
- Live chat on the website and the mobile app
- Languages
- English · French (occasional) · Spanish · German
Get started
Welcome offer
Unlimited demo account with $50,000 of virtual capital
✨ Reduced fees via HelloBrokers
Welcome offerSponsored link · we earn a commission when you open an account at Eightcap through this link.
Frequently asked questions
FAQ Eightcap
Is Eightcap reliable?
Yes, Eightcap is a trusted platform, regulated by CySEC (European Union), ASIC (Australia) and the FCA (United Kingdom) since 2009. Trustpilot shows 4.0/5 across more than 3,100 reviews.
Why choose Eightcap?
Eightcap combines performance and flexibility with MetaTrader 4, MetaTrader 5 and TradingView, for traders of every level.
What are the fees at Eightcap?
Raw account: spreads from 0 pip with $3.5 per lot ($7 round turn). Standard: wider spreads, commission-free. No inactivity or withdrawal fees.
Who is Eightcap for?
Every profile: beginners benefit from an unlimited demo account ($50,000 virtual); experienced traders find the MT5, TradingView and MQL5 API tools.
Is it easy to withdraw from Eightcap?
Yes, withdrawals are processed within 24 hours via transfer, cards, e-wallets or crypto. No withdrawal fees.
Sources
- Eightcap pricing terms — eightcap.com/legal-documents, accessed 20 May 2026
- FCA register — FCA no. 921296, Eightcap (UK) Ltd
- ASIC register — ASIC no. 391441, Eightcap Pty Ltd
- Trustpilot — trustpilot.com/review/eightcap.com, snapshot 20 May 2026 (4.0/5 across 3,100+ reviews)
The author of this review
Who wrote this analysis?